Technical Analysis (Gold) : XAU/USD 8 December 2022

Forex Technical Analysis : XAUUSD (Gold)

Date : 8 December 2022

Pivot point : 1776.00

Our preference : long positions above 1776.00 with targets at 1790.00 & 1798.00 in extension.

Alternative scenario : below 1776.00 look for further downside with 1769.00 & 1764.00 as targets.

Comment : the RSI is mixed with a bullish bias.

Supports and resistances :

1803.00 **
1798.00 *
1790.00
1783.81 – Last price
1776.00
1769.00 *
1764.00 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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